BUY JPYINR AUG @ 59.5 SL 59.3 TGT 59.7-59.9. - Kedia Advisory
USDINR
BUY USDINR AUG @ 87.7 SL 87.55 TGT 87.85-88.
Observations
USDINR trading range for the day is 87.1-88.14.
Rupee falls on FPI outflows, US-India trade tensions, and RBI policy uncertainty
India's foreign exchange reserves saw a rise. The reserves increased by $2.7 billion.
Fitch Ratings has slightly lowered India's GDP growth forecast for FY26 to 6.3%, citing strong infrastructure spending
EURINR
BUY EURINR AUG @ 101.6 SL 101.3 TGT 101.9-102.2.
Observations
EURINR trading range for the day is 100.55-102.25.
Euro gained amid concerns over the resilience of the US economy, triggered by unexpectedly weak jobs data and renewed global growth fears.
The number of people registering as jobless in Spain declined by 1,357, or 0.1%, from a month earlier to 2.4 million in July 2025.
Investors also weighed the broader impact of Trump’s sweeping retaliatory tariffs on growth and inflation.
GBPINR
BUY GBPINR AUG @ 116.6 SL 116.3 TGT 116.9-117.2.
Observations
GBPINR trading range for the day is 115.52-117.4.
GBP rose as the US dollar weakened following a softer-than-expected jobs report that signaled a cooling labor market.
However, concerns over the UK’s economic outlook and fiscal health continued to weigh on sentiment.
BOE is widely expected to cut its key interest rate to 4% from 4.25% and to lower it once more before the end of the year.
JPYINR
BUY JPYINR AUG @ 59.5 SL 59.3 TGT 59.7-59.9.
Observations
JPYINR trading range for the day is 59.13-59.77.
JPY rose as dollar dropped and as investors reassessed the US Federal Reserve’s policy trajectory.
Japanese PM Ishiba said the government is prepared to compile an extra budget to mitigate the economic impact of U.S. tariffs
Markets are awaiting minutes from the Bank of Japan’s latest policy meeting for clues on the timing of a potential rate hike.
